Waste and scrap of precious metals: of platinum, including metal clad with platinum but excluding sweepings containing other precious metals

In 2024, waste and scrap of precious metals: of platinum, including metal clad with platinum but excluding sweepings containing other precious metals trade exhibited significant decline, with global flows reaching $5,619,667,417 and a three-year compound annual growth rate of -31.3% (five-year: -3.5%). The all-time peak of $17,360,550,963 was recorded in 2021; the current level is 68% below that high-water mark.

Over the 30-year observation window (1995–2024), 66% of years recorded positive growth, indicating a predominantly expanding market. Trend momentum is decelerating (-32.6% acceleration).

The supply side is diversified (Herfindahl-Hirschman Index 0.059). The three largest exporters — United States ($808.7M), Germany ($739.1M), and United Kingdom ($465.8M) — collectively dominate supply flows. The leading exporter has grown at -40.2% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.143). The three largest import markets are Germany ($1.2B), United States ($989.7M), and Belgium ($963.2M). The largest importing market sources from 114 different supplying countries.

Estimated substitution elasticity: -22.25. Buyers are highly price-sensitive and can switch between suppliers relatively easily.

The dominant trade corridor is South Africa → Belgium at $360.4M, representing 37.4% of the importer's total demand.

The volatility score for waste and scrap of precious metals: of platinum, including metal clad with platinum but excluding sweepings containing other precious metals is 37 out of 100, classified as low. Trade flows are moderately variable, typical for goods with seasonal or cyclical demand patterns.

For market entrants, contracting demand signals caution before committing resources. The diversified supply landscape means many competitors but also multiple entry points and buyer relationships to target.

Data confidence is rated "High" based on reporting coverage and consistency across OECD member and partner countries.